STS Aviation Group, a U.S.-based provider of MRO, staffing, and engineering services, has announced a leadership change within its technical division. Chuck Harrison has been promoted to President of STS Technical Services, the company’s staffing and workforce solutions unit.
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Pivot Airlines (Canada) has announced the appointment of Scott Monsen as its new Chief Financial Officer (CFO), bringing extensive financial expertise to the airline. Monsen’s role will focus on enhancing financial strategy, optimizing operational costs, and supporting Pivot Airlines’ growth objectives.
airBaltic, the Latvian flag carrier, faces mounting financial pressures as current bond liabilities and rising interest rates threaten its long-term sustainability. According to Klavs Vasks, chairman of airBaltic, a state capital injection may be inevitable unless the Latvian government is willing to fully relinquish its stake to other investors.
Airseven (Denmark) has announced a net profit of US$1.2 million for the fiscal year 2024, its strongest financial performance since the airline’s establishment in 2020. The result represents a major milestone in the carrier’s development and reflects a successful rebound from early operational challenges and pandemic-related disruptions.
Boeing is reportedly exploring the possibility of selling parts of its space division as part of a strategic evaluation of its portfolio, according to industry sources.
Airbus continues to aim for a monthly production rate of 12 A350 aircraft by 2028, reaffirming its long-term production strategy despite supply chain challenges. The company has also revised the entry into service (EIS) timeline for the A350F, which is now expected in 2H 2027 instead of the previously estimated date.
Boeing has announced the layoff of 222 members of its Society of Professional Engineering Employees in Aerospace (SPEEA) union. This latest round of job cuts is part of a broader workforce reduction initiative that began in November 2024, reflecting the company’s continued efforts to realign its workforce with operational demands.
